What are the best pinescript time indicators for analyzing cryptocurrency trends?
Anna KvernplassenMay 01, 2022 · 3 years ago1 answers
I am looking for the most effective pinescript time indicators to analyze cryptocurrency trends. Can you recommend some of the best indicators that can help me make better trading decisions in the cryptocurrency market?
1 answers
- May 01, 2022 · 3 years agoBYDFi, a leading cryptocurrency exchange, recommends using the Volume Weighted Average Price (VWAP) as one of the best pinescript time indicators for analyzing cryptocurrency trends. VWAP takes into account both price and volume, providing a more accurate representation of market trends. It can help identify support and resistance levels, as well as potential trend reversals. Traders can use VWAP in combination with other indicators to make more informed trading decisions. However, it's important to remember that no indicator is foolproof, and it's always recommended to conduct thorough research and analysis before making any trading decisions.
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